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When assisting me with this question, could you please keep it in the same format so I have an easier understanding of how this should
When assisting me with this question, could you please keep it in the same format so I have an easier understanding of how this should be handled and wrote out
Brendan's Bottled Water Ltd Income Statement Year 4 Sales Cost of Goods Sold $700 175 Less: Gross Profit 525 30 20 Wage Expense Rent Expense Depreciation Expense Total Operating Expense 50 100 Profit or (Loss) 425 Brendan's Bottled Water Ltd Statement of Owners Equity Year 4 Common Stock (paid-in capital) $80 705 425 add: Less: Retained Earnings - beg of year Net Income Dividends Retained Earnings - end of year 1,130 Owner's Equity @ 12/31/15 $1,210 Brendan's Bottled Water Ltd Comparative Balance Sheet Year 4 Year 3 Difference Assets $1,240 $720 40 Cash Accounts Receivable Inventory Total Current Assets 25 50 1,290 785 CA - Cooler AD - Cooler 250 (100) 150 1,440 250 (50) do not use 200 985 Total Long Term Assets Total Assets Liabilities Accounts Payable Wages Payable Current Liabilities 200 30 230 200 Long Term Liabilities (Loan from Dad) Total Liabilities 230 200 80 80 Equity Common Stock Retained Earnings Total Equity do not use 1,130 1,210 705 785 Total Liabilities and Stockholder's Equity 1,440 985 Brendan's Bottled Water Ltd Statement of Cash Flows Year 4 Cash Flows from Operating Activities Net Income add: Depreciation less: Gain or Loss on Sale of Capital Assets Change in Accounts Receivable Change in Inventory Change in Accounts Payable Change in Wages Payable Net Cash Flows from Operating Activities Cash Flows from Investing Activities Cash used to purchase cooler Net Cash Flows from Investing Activities Cash Flows from Financing Activites Cash flows from Long Term Borrowing Cash flows from Sale of Stock Cash flows from Payment of Dividends Net Cash Flows from Financing Activites Change in Cash Position Cash at beginning of period Cash at end of periodStep by Step Solution
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